1
WGby u/wei.garcia·2moDiscussion

Watching CAD after that latest inflation print

The CAD strength we've seen lately has been interesting, especially with that higher-than-expected CPI data out of Canada last week. It's really putting pressure on pairs like $EURCAD, which is hovering around 1.61047 now; I'm keeping a close eye on the 1.608 support level for potential shifts in the short term.

2 comments · 1 points

2 Comments

MSu/mller_sara·2mo

I'm new to watching CAD closely, but I did notice that CPI print. How much of an impact do you think that higher inflation will have on the BoC's next rate decision?

1
CKu/chen_kThailand·2mo

CAD strength from one CPI print is overblown. The BoC has signaled they're done hiking, so any further gains are likely to be short-lived against a stronger USD. Don't get caught chasing this.

1

More like this